I am watching basis levels on this rally and the bull spreads. On Friday the December 2025 to July 2026 corn spread closed at 33 ¢ and so far early today the spread is at 34.5 ¢. For the November 2025 to July 2026 soybean spread, that spread closed at 51 ¢ on Friday and is at 51 ¢ in the early trade today.
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